The Indian Army is exploring the use of rocket packs to enhance soldiers’ mobility during deployments and provide a new mode of transport beyond the current vehicles in use. In January, the Indian Army invited tenders for the development of 48 jet packs, which could provide soldiers with a significant advantage on the battlefield. Although it is unclear which company will ultimately manufacture the ordered units, Absolute Composites has already showcased its rocket backpacks for military units at the Aero India 2023 event.
11
Mar
Mar
MouldTech Systems Ltd., an engineering company in Hungary, and the Budapest University of Technology and Economics (BME) have jointly developed a fixed-wing drone at a total cost of HUF 1.5 billion. The National Research, Development and Innovation Fund (NRDI) contributed HUF 890 million to the project.
09
Mar
Mar
DJI, the world’s largest drone manufacturer, has removed its drone detection and identification system, AeroScope, from its webshop and removed all links to the product from its website. The sudden disappearance has raised concerns about the company’s future, especially since it has not issued an official statement about the discontinuation of the product. Although some retailers still stock the platform, such sudden disappearances usually indicate permanent discontinuation of the product.
08
Mar
Mar
The electric flying vehicle market is poised to become a lucrative business, with the potential to grow to a thousand billion dollars by 2040, according to Marcello Motta, an analyst at JPMorgan. Motta suggests now is the time to invest in the most promising company in the industry, and he recommends Eve Holding Inc, a Brazilian subsidiary of Embraer, as a prime target for investors.
07
Mar
Mar
South Korean telecom giant, SK Telecom, made headlines at the Mobile World Congress (MWC) for its popular exhibit, a virtual reality flying taxi simulator. Attendees eagerly lined up to test fly the innovative concept, which the company announced will soon become a reality. According to a SK Telecom executive, the flying taxi service is expected to generate significant revenues once launched in 2025.
06
Mar
Mar
Following EASA regulations, CycloTech received permission from the national aviation safety authority, Austro Control, to perform outdoor flights with its 85kg demonstrator starting March 2023.